Question

The waiver of premium rider, when added to a life insurance policy, would provide coverage in

which of the following circumstances?
A. The insured breaks his leg which permits him to work part-time
B. The insured is unemployed for six consecutive months
C. The insured suffers a total disability lasting eight months
D. The insured suffers a partial disability lasting twelve months

Answer 1

The waiver of premium rider in a life insurance policy typically covers the policyholder if they suffer from a total disability, with option C (the insured suffers a total disability lasting eight months) being the most likely scenario to trigger coverage under this rider.

Step-by-step explanation:

The waiver of premium rider in a life insurance policy generally provides coverage in the event that the policyholder becomes totally disabled. This rider ensures that if the insured suffers a qualifying disability, the insurance company will wave the premiums, and the policy will remain in effect without requiring further payments from the policyholder during the period of disability.

Based on the options provided: